Tag: audit reform
An uncomfortable U-turn on audit reform
The government’s bonfire of the regulations expected for audit reform creates a source of uncertainty for business.
MPs and Lords call for audit reform bill in King’s Speech
Delays to audit reform prompt parliamentarians to push for its inclusion in government’s legislative agenda despite signs of it being postponed.
Ditching audit reforms will ‘diminish’ UK reputation for reporting
We will continue to argue for and support improvements to corporate reporting (and to audit quality and to audit oversight) in the UK, to ensure that the UK continues to be a world leader in this really important area.
Reversal on audit reform makes ‘little sense’
Investors react to the government’s U-turn on proposed measures prompted by the collapse of Carillion in 2018.
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.
Labour commits to audit reform legislation
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
Further delay for audit reform
Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.
Government reveals resilience disclosure rules
The detail of the new regulations has been fleshed out—and could catch many more companies than expected.